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Shamrock Stores has been in business for several years, uses a perpetual inventory system and has its own credit card, called Shamrock Credit. The business

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Shamrock Stores has been in business for several years, uses a perpetual inventory system and has its own credit card, called Shamrock Credit. The business also accepts debit cards, and bank credit cards (Visa and MasterCard) as payment for sales. Shamrock is charged 4% for all bank credit card transactions and $0.50 per debit card transaction. Transactions for the business are shown below: 15 May 1 Sales totalled $6,540. Of this amount, $2,600 of the sales were charged on the Shamrock Credit card and the remainder were cash sales. Sales totalled $1,075. Of this amount, $550 of the sales were charged on the Shamrock Credit card and the remainder was paid for using Visa credit cards. 20 Received payments totalling $2,700 from Shamrock Credit card customers. 22 Sold goods totalling $1,420 to customers who used the Shamrock Credit card for payment Sales totalled $3,400. Of this amount, $700 of the sales were charged on the Shamrock Credit card, and $2,700 was paid 30 for using MasterCard 31 Sales totalled $3,600. All (70 transactions) were debit card transactions June 1 Added interest charges of $715 to outstanding Shamrock credit card balances. Prepare the journal entries to record the above transactions. Ignore any inventory or cost of goods sold entries for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to decimal places, es 5,275. Do not use accounts receivable use Credit card 12 pare une journal entries to record the above transactions. Ignore any inventory or cost of goods sold entries for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to decimal places, eg. 5,275. Do not use accounts receivable use Credit card receivable.) Date Account Titles and Explanation May 1 Debit Credit May 15 7/3 DOLL home Disc F11 F42 F9 F8 F7 F6 F5 F4 F3

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